FIXI Markets Review - is it scam or safe?

RECOMMENDED FOREX BROKERS

Trading accounts and Conditions

Account type

Minimum deposit

Min. trade size

Max. Leverage

Spreads

Standard

$100

0.01

1:400

From 0.8 pips

Pro

$1000

0.01

1:400

From 0 pips + $7 / lot

FIXI Markets is a London-based brokerage that offers two account types, both of which provide competitive variable spreads, leverage up to 1:400 and the option to trade in micro lots. One of the accounts is commission-free, while the other provides significantly lower spread involving a commission fee.

FIXI Markets Advanatges:

- Solid regulation (FCA)

The main benefit of those who choose to trade with FIXI Markets is its solid regulation. The company that owns and operates the brand, FIXI PLC is licensed by UK’s Financial Conduct Authority, one of the most reliable financial authorities worldwide. To put it simply, clients of FIXI Markets can trade with the ease of mind that their money is safe.

Trading at both accounts offered by FIXI Markets appears to be relatively low-cost. Spreads on the commission-free Standard account are averaged 1.1 pips, which is on the lower end of average. As regards Pro accounts, they provide raw spreads and commission is charged on a tiered structure, based on volume. Clients start at $7 per lot but with increased volume it goes down to $4 per standard lot. So, the pricing of FIXI Markets seems attractive. In fact, we’ve tested the broker’s demo MT4 with a Standard account, so you can see for yourselves:

We have to point out that other FCA-regulated brokers offer even tighter spreads. For example, CFD and spread-betting giant IG provides spread averaged 0.6 pips on its commission-free accounts.

Apart from the MetaTrader 4 platform, which is supported by more than 80% of all brokers, FIXI Markets also offers its newest version, the Metatrader 5, as well as Currenex, a professional FX trading solution.

While MT4 is still the most popular trading platform, lately its successor, MT5 gains popularity among forex brokers, due to the number of enhancements made lately by their developer, MetaQuotes. Metatrader 5 has great charting, much like Mt4, there are numerous indicators available, as well as Expert Advisors.

- High leverage levels

The maximum level of 1:400 offered by FIXI Markets will suite most trading styles. That being said, we must mention a higher ratio only gives you the ability to risk more. If you are that type of trade, you may check out a list of brokers offering even higher leverage levels below.

FIXI Markets disadvantages:

-No significant weak sides

We could not think of any disadvantages of this broker.

Conclusion

FIXI Markets is a UK forex brokerage brand that offers access to the forex and CFD market through several trading platforms. On top of that, its trading conditions seem very attractive. Nonetheless, FIXI Markets’ main advantage over many of its competitors, is its solid regulation.

Actually, London-based institutional forex broker FIXI Markets launched retail trading in 2017 after a change of control at the company. The new controlling shareholder in the broker is the founder and longtime CEO of AxiTrader – a well-known Australian broker with licenses from both ASIC and FCA.

FXTM a regulated forex broker (regulated by CySEC, FCA and IFSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $5 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HYCM is global forex broker with more than 40 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 0.2 pip

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Deposit/Withdraw

Customer service

Summary

I'm with Fixi Markets for the past 9 Months and very happy with the support and trading conditions. I'm a trader for the last 15 years and have joined many top Forex brokers around the world and have lost to many scam brokers. Fixi Markets is one of the very few Forex brokers out there with top regulations with good support and trading conditions. There is no issues in withdrawal too. Highly recommended broker. I'm thankful to the awesome support given to me by my Account Manager Mr. Max Moriarty.

After trying their demo, I registered Pro Account with Fixi Markets. I have been trading with Alpari and Teletrade before. However Fixi offered tighter spreads and faster execution speed. I believe it was around 100 milliseconds for any order execution.

After 2 weeks of trading I can say it has been a much better experience. However registration and account confirmation takes around 20 minutes. They requested list of documentation, probably they were verifying account(nothing too special, just ID, drivers license, address verification documentation).

I am an Algotrader and enjoyed flawless experience, sometimes execution speed was even lower than promised, lowest I recorded was 38 milliseconds, if I remember correctly.

I should note that, during market news their platform performs as usual.

Fixi's account manager was helpful and approachable. I did not really need his assistance, I just called him once while opening my account. However, he came back to me couple times.

Overall, I will keep trading with Fixi markets and update my review in case anything changes. So far, they seem reliable and I can recommend Fixi.

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
All information on ForexBrokerz.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information.
Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

COPYRIGHT

All textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source.
ForexBrokerz.com does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.